AdvisorAssist, the industry leading regulatory compliance and business risk management consulting firm, announces the rollout of AdvisorCloud 360, delivering a next-generation compliance intelligence engine.
AdvisorCloud 360 is the evolution of AdvisorAssist’s proprietary compliance engine, AdvisorCloud, which supports over 500 advisory firms and over 3,000 supervised persons in meeting their annual compliance obligations.
AdvisorCloud 360 is the solution to empower Advisors and their Chief Compliance Officers to navigate the increasingly complex regulatory requirements with full transparency into all aspects of their compliance program.
AdvisorCloud 360 provides a collaborative and transparent working environment for Advisors to have direct access to AdvisorAssist’s internal compliance engine for compliance management and testing.
“AdvisorCloud 360 sets a new high-water mark for outsourced compliance services,” says Chris Winn, CEO of AdvisorAssist, LLC.
“AdvisorCloud 360 provides our network of advisors with full transparency into all risk management areas of their firm and the work being performed on their behalf. We believe this level of engagement and alignment is critical to staying ahead of the regulatory curve.”
One of the major enhancements in AdvisorCloud 360 is “CRAFT,” a robust topic-based Compliance task, Risk Assessment and Forensic Testing program.
AdvisorAssist designed the CRAFT program to give Chief Compliance Officers the ability to create and manage the internal review, analysis, forensic testing, reporting and remediation action items required under the Investment Advisers Act of 1940 and comparable State Regulations.
“With the dawn of Regulation Best Interest and Form CRS, as well as the various State generated best interest regulations, conflict detection and mitigation will require an enhanced approach to compliance and risk management for advisory firms,” says Conor Anderson, Partner, Head of Advisor Services.
“SEC and State registered advisors will have to have a comprehensiv ..